An act relating to the Uniform Disclaimer of Property Interests Act

This bill enacts Vermont's version of the Uniform Disclaimer of Property Interests Act. It allows Vermont residents to legally refuse inherited property interests (like assets from a will or intestate succession) through a written disclaimer. The key mechanism requires a signed, written disclaimer that specifies the interest being refused and follows filing procedures; once valid, the property redirects as if the person disclaiming had died before receiving it. This directly affects individuals inheriting property who wish to decline it, such as to avoid tax consequences or redirect assets to other heirs.